Asia-Europe carriers to hike rates as bunkers rise

Hapag-Lloyd wants a significant increase in spot rates on the Asia-North Europe and Asia-Med trades from June 1. Photo credit: Hapag-Lloyd Rate increase announcements are starting to come in from carriers on the Asia-North Europe and Mediterranean trades as a steadily rising bunker price increases unit costs and undermines profitability.Bunker fuel… Source: http://www.joc.com